Archives - 01 April 2013, Monday

"Lots of people in the Bitcoin community chafe at what they think are silly, designed-fifty-years-ago government regulations that tell you what you may or may not do with your money," said Gavin Andresen, the lead developer on the open source Bitcoin Project that powers the currency. ...

Some former gold bugs certainly think so. And it's value has skyrocketed in recent months. Last week, Bloomberg .com columnist Paul Ford opined they could now be the world's last currency safe haven. But many readers at this point are probably wondering...what exactly is Bitcoin? Robe...

The parabolic rise of Bitcoin has caught a lot of people off guard this year and is generating a ton of investor interest. Nick Colas at ConvergEx Group, the only Wall Street strategist we've know of so far who has written about the Bitcoin market, says all of his clients think the vi...

Decentralization could be both good and bad for Bitcoin. I think there’s a certain missing element of trust in an online money that has no oversight. One of the key ingredients that stabilizes and maintains the US payments system is the backing of laws that enforce and regulate the pr...

The price of a bitcoin -- the uber-buzzy digital currency -- is surging. A few weeks ago it was at $40. This morning the price of a Bitcoin hit $100. It's now over $104, as this pretty chart from Clarkmoody.com shows . Clarkmoody.com All of this is stoking an incredible amount of inte...

I don't think the majority of ZH readership is opposed to the idea of bitcoins (crypto-currency not directly created by the government). For my part, the problem is that such an inherently dangerous concept (from the perspective of central planners) would be seen as too large of a thr...

The value of a single Bitcoin surpassed $100 today , a huge milestone for the virtual currency. But with its crazy rise in the past few months, it’s time to start seriously wondering if Bitcoin is in a bubble. Bitcoin is a virtual, decentralized currency that no government or central ...

At the end of February, Bitcoins hit an all-time trading high of just over $33 . That suddenly looks like chump change, with the value of Bitcoins today moving past $100. You can see nearly real-time changes in the value of Bitcoins at Coinlab , and track its steady rise over the past...

If you're like most people, you have probably been hearing a lot about "Bitcoin" recently. And, if you're like most people, you probably do not know what it is or what the fuss is all about. Here's a snapshot. Bitcoin is an electronic currency --a new form of money. It's also, possibl...

The digital currency Bitcoin just hit $100. The coins have been on a gigantic tear, as you can see only recently they were around $40. Interest and buzz is absolutely exploding, as people see a combination of a surging market, an alternative to traditional currency, and a fun speculat...

flickr/Peter Taylor It's probably fair to say that the big rise in Bitcoin this year has caught many by surprise. Today, the value of one Bitcoin hit $100 . In early March, they were trading below $35. In January, they were trading below $15. We've noticed a lot of interest from reade...

Digital currency Bitcoin has had an exciting few years since its introduction back in 2009, complete with security problems, online heists, a perceived association with the drug trade , and a recent distributed denial-of-service attack . At the same time, even as many remain mystified...

Mt. Gox chief marketing officer Gonzague Gay-Bouchery, left; CEO Mark Karpeles, right. The virtual currency Bitcoin isn’t backed by any assets or central authority. It’s only three years old and its exact origin is a mystery. And yet, for some reason, tens of thousands of people have ...

Bitcoin, the decentralized virtual currency now worth over $1 billion , was designed to be as open and transparent as possible. Unlike traditional currency, you can download every Bitcoin transaction that's ever taken place and, more interestingly, tap into those transactions in close...

Credit: TraderTim / Foter.com / CC BY-SA As was noted earlier on Reason 24/7 , Bitcoin now holds more value than the entire currency stock of 20 nations. Granted, the 20 nations in question (which include Bhutan, Guinea-Bissau, Samoa, and the Central African Republic) do not include i...

The Department of Homeland security have seized the defensedistributed.com and defcad.org domains because several individuals behind the site have been indicted by a grand jury for the violation of the Arms Export Control Act, violation of the Undetectable Firearms Act and conspiracy ...

Related:

My friend Joe Weisenthal argues that Bitcoin is “now in a terrible state of hyperdeflation,” with the currency’s value rising from $13.50 to $100 in just the last three months: So a few weeks ago, a pizza might have cost you one Bitcoin. Today it might only cost you a fifth of a Bitco...